NOT LISTED FOR SALE

18 Old Lancaster Rd Merion Station, PA 19066

Estimated Value: $513,000 - $908,042

-- Bed
4 Baths
4,386 Sq Ft
$142/Sq Ft Est. Value

Last Sold January 27, 2016

Last sale price $500,000 $114 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $3,554/month

6 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Gas
  • Merion Elementary School Rated A+
  • En-Suite Primary Bedroom

About This Home

As of January 2016

This 5 unit Handsome stone and brick building is located in a Fantastic Lower Merion location, perfect for the long term investor. It is convenient for college students and young professionals also Most of the apartments have been recently updated with newer roofs, washer/dryers, electrical systems, heaters and hot water heaters. There are 3 2 bedroom apartments, 1 one bedroom apartment and an efficiency. There is also two off street parking spaces and 2 side yards. All separate utilities except water!! Even though there are 5 units, the building is only zoned for 4 units. This building is a Cash Cow in a Premier location, just outside of the city!! Schedule your appointment today!!

Last Agent to Sell the Property

Michael McCann

KW Empower License #AB049770L Listed on: 11/04/2015

KW Empower

Co-Listed By

Stuart Cohen

KW Empower License #RS154730A

Last Buyer's Agent

Lily Wu

Keller Williams Main Line License #RS314264

Keller Williams Main Line

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,868

Year Built

  • Built in 1930

Lot Details

  • 4,504 Sq Ft Lot

Home Design

  • Quadruplex
  • Brick Exterior Construction

Interior Spaces

  • En-Suite Primary Bedroom
  • 4,386 Sq Ft Home
  • Basement Fills Entire Space Under The House

Parking

  • 2 Open Parking Spaces
  • 4 Parking Spaces

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 362
  • Assessor Parcel Number 40-00-44088-008

Community Details

Overview

  • No Home Owners Association
  • Merion Subdivision

Building Details

  • Insurance Expense $2,600
  • Operating Expense $11,668

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,868

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1930
  • Special Features: None
  • Stories: 0

Interior Features

  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full
  • Laundry Type: Has Laundry
  • Total Sq Ft: 4386
  • Living Area Sq Ft: 4386
  • Price Per Sq Ft: 122.89
  • Above Grade Finished Sq Ft: 4386
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 18

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 2
  • Total Garage And Parking Spaces: 4

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Wall Unit
  • Cooling: Yes
  • Heating Fuel: Natural Gas
  • Heating Type: Gas
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 4200.00
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: LOWER MERION
  • School District Key: 300200396851

Lot Info

  • Land Use Code: 1134
  • Lot Size Acres: 0.10
  • Lot Dimensions: 84
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4504.00
  • Property Attached Yn: Yes
  • Zoning: R6A

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 48780.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3

Tax Info

  • Tax Annual Amount: 4868.00
  • Assessor Parcel Number: 40-00-44088-008
  • Tax Lot: 362
  • Tax Year: 2015
  • Close Date: 01/27/2016

MLS Schools

  • School District Name: LOWER MERION

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2015
Closed on
Jan 27, 2016
Sold by
Yizzi Lisa A and Yizzi Robert A
Bought by
Wu Gang and Liu Zongyin
Seller's Agent
Michael McCann
KW Empower
Buyer's Agent
Lily Wu
Keller Williams Main Line
List Price
$539,000
Sold Price
$500,000
Premium/Discount to List
-$39,000
-7.24%
Current Estimated Value
$556,919

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,919
Avg. Annual Appreciation
2.89%

Purchase Details

Closed on
Apr 29, 2014
Sold by
Yizzi Robert A and Yizzi Lisa A
Bought by
Yizzi Robert A and Yizzi Lisa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$311,250
Interest Rate
4.41%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 27, 2010
Sold by
Klimoff Dishler Sonia J
Bought by
Yizzi Lisa A and Yizzi Robert A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
4.41%

Purchase Details

Closed on
Oct 27, 2003
Sold by
Dishler Robert W and Klimoff-Dishler Sonia J
Bought by
Klimoff-Dishler Sonia J

Purchase Details

Closed on
May 13, 1998
Sold by
Klimoff Sonia J and Klimoff Dishler Sonia J
Bought by
Dishler Robert W
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Wu Gang $500,000 None Available
Yizzi Robert A -- Accommodation
Yizzi Lisa A $250,000 None Available
Klimoff-Dishler Sonia J -- --
Dishler Robert W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Yizzi Robert A $311,250
Previous Owner Yizzi Robert A $225,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/27/2016 01/27/16 Sold $500,000 -7.2% $114 / Sq Ft
11/10/2015 11/10/15 Pending -- -- --
11/04/2015 11/04/15 For Sale $539,000 -- $123 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $6,056 $145,000 -- --
2023 $5,804 $145,000 $0 $0
2022 $5,696 $145,000 $0 $0
2021 $5,566 $145,000 $0 $0
2020 $5,430 $145,000 $0 $0
2019 $5,334 $145,000 $0 $0
2018 $5,335 $145,000 $0 $0
2017 $5,138 $145,000 $0 $0
2016 $5,082 $145,000 $0 $0
2015 $4,914 $145,000 $0 $0
2014 $4,738 $145,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Michael McCann

    Seller's Agent in 2016

    Michael McCann

    KW Empower

    (215) 778-0901

    2 in this area

    1,798 Total Sales

    Section Image
  • Stuart Cohen

    Seller Co-Listing Agent in 2016

    Stuart Cohen

    KW Empower

    (215) 275-0800

    162 Total Sales

    Section Image
  • Lily Wu

    Buyer's Agent in 2016

    Lily Wu

    Keller Williams Main Line

    (610) 761-6426

    2 in this area

    130 Total Sales

    Section Image
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Map

Source: Bright MLS

MLS Number: 1003470423

Bright MLS

APN: 40-00-44088-008

Pennsylvania Montgomery County Merion Station 19004

18 Old Lancaster Rd, Merion Station, PA

This home is located at 18 Old Lancaster Rd, Merion Station, PA 19066 since 04 November 2015 and is currently estimated at $620,761, approximately $141 per square foot. This property was built in 1930. 18 Old Lancaster Rd is a home located in Montgomery County with nearby schools including Merion Elementary School, Bala-Cynwyd Middle School, and Lower Merion High School.

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